RBI: ARCs must invest 15% in security receipts
The RBI said ARCs and SCs should be a part of the banks Joint Lenders Forum (JLF) for special mention accounts 2 (SMA2) category for accounts above R100 crore. ARCs will also have to report to the Indian Banks Association (IBA) the details of.
Cut in diesel losses drives private retailers Essar Oil, Reliance Industries
With the retail price of diesel approaching the market rate, private companies, whose retail forays were frustrated by the price controls on petroleum products, are about to take the plunge again. Essar Oil, controlled by billionaire brothers Shashi.
Stock Market: Satyam scandal rattles stocks �� Nse Guide
Earlier, recovery in the global markets and coordinated policy actions by the Indiangovernment and the Reserve Bank of India (RBI) to boost the economy had cheered thedomestic bourses. Just before the Satyam scandal, the Sensex rose. The Bank of Korea on 9 January 2009 joined the central bank of Indonesia andTaiwan by slashing interest rates by half a percentage point, bringing its key rate torecord low 2.5%. * Nortel Networks Corporation, North Americas��.
EDITORIAL SAMARTH: EDITORIAL 07.10.09
Our cheer may be pre-mature. A real and... Second, its deployable resources could be lend-leased from the armed forces, Central paramilitary forces, Government departments, NGOs and some public-sector units (banks, for instance). Third.. HINDUSTAN TIMES. EDITORIAL. THE MIGRATION MOVEMENT. The world is on the move. So is India. Nearly 1 billion of the estimated 6.7 billion people in the world are migrants ��� thats one in every seven persons.
The Indian Economy Blog �� Is There A Bubble In Indian.
Being in the midst of a bursting housing bubble in US I sat down and came up with a rough calculation���. Chennai: Residential Apartment in Velachery (close to IT shops): ~1000 sq.ft. Cost: Rs 27,00,000. Interest Rate: 8% Interest Cost: Rs 2,16,000 per year.. Recently one of the leading papers��� Hindustan Times of Times of India, I forget which, had carried a good article about how buildings should be rated for earthquake safety. A flat in a building that is higher on��.
EDITORIAL SAMARTH: EDITORIAL 30.01.10
HINDUSTAN TIMES. EDITORIAL. FILM STARS ARE THE NEW TV ATTRACTIONS. POONAM SAXENA. Over the last couple of weeks, Ive seen more movie stars on my TV screen than the cinema hall screen. After Amitabh Bachchan, Shah.. Of course, there may not be an immediate upward revision of lending rates by banks���thankfully repo and reverse repo were left untouched���but the signal from RBI for the near future is now clear. RBI has stated that both��.
EDITORIAL SAMARTH: EDITORIAL 04.05.11
The RBI had a tough call. Inflation was at a discomfiting 9% at March-end. But expectation of a ninth round of interest rate increases also deepened concern about dampened growth. Two sets of data released on the eve of RBIs credit.. basis point corridor in which banks can borrow from the RBI and lend to the RBI; the move to a single instrument, the reverse repo rate; and to a single intermediate target in the liquidity market, the weighted call money overnight rate,��.
Falling crude oil prices to test Raghuram Rajans resolve to keep interest.
MUMBAI: In less than a week after Reserve Bank of India governor Raghuram Rajan vowed to keep interest rates high to win the battle against inflation, markets may test his resolve by reducing interest rates on government bonds amid key crude oil prices.
Muthoot promoters may sell stake once RBI clears bank licence
Promoters of Muthoot Finance may dilute their stake once their application for bank licence is cleared by the Reserve Bank of India, a senior executive of the gold loan company said today. George M Alexander, senior vice president of Muthoot also said.
Bankex Surges in India with Chetia Assurances as Global.
Last Friday, banks were forced to pay as much as 23 per cent for overnight loans on the call money market. ���They have been pulling their surplus money parked in the liquid funds,��� a source said. The figures put out by the RBI��.
Everything working for the Indian rupee now; but theme still remains gradual.
The Indian equity market party is showing no signs of losing steam with the benchmark indices closing at an all time high yet again on Monday. However. This is also the level the RBI would be comfortable buying Dollars to recoup its foreign exchange.
EDITORIAL SAMARTH: EDITORIAL 30.04.11
HINDUSTAN TIMES. A PERILOUS PATH. BARKHA DUTT. You dont have be a clairvoyant reader of tea- leaves to spot the paradoxical, but extremely illuminating patterns of behaviour that defined Indias headlines this past fortnight. In Delhi, and perhaps in.. HAS TO TIME IT RIGHT. The Reserve Bank of Indias (RBI) Discussion Paper on deregulating the interest rate paid by banks on savings deposits should more correctly have been called Position Paper!
EDITORIAL SAMARTH: EDITORIAL 12.09.09
HINDUSTAN TIMES. EDITORIAL. THE INVISIBLES. KAUSHIK BASU. One disservice to development that traditional economic theory has done is to place self-interest on a pedestal. One of the key propositions that Adam Smith had.. The third point relates to RBIs implicit message that theres no crisis in Indian banking.. RBI raised interest rates and squeezed out liquidity during the first half of 2008-09 when high international commodity prices propelled the WPI.
Today News-Hindustan Times:4/18/2012 - Indian Newspapers
4/18/2012: Front Page: PUT EVERY CHILD IN SCHOOL; 4/18/2012: Front Page: BJP keeps MCD, says price rise, graft big poll factors; 4/18/2012: Front Page: RBI slashes lending rate, bank loans to get cheaper; 4/18/2012: Front Page: Pak.. 4/18/2012: Ht Business: Argentina moves to seize control of private firm; 4/18/2012: Ht Business: India needs to be ready to deal with any crisis: FM; 4/18/2012: Ht Business: A FINE LINE SEPARATES GROWTH and INFLATION��.
EDITORIAL SAMARTH: EDITORIAL 11.05.10
HINDUSTAN TIMES. OLD HABITS DIE HARD. If ever a nation did not deserve the leaders it has got, Nepal would probably be right up there in the rankings. After paralysing the country for the umpteenth time since the peace process.. As banks have still not increased their lending rates despite the 25 bps rise in the cash reserve ratio, repo and reverse repo rates by Reserve Bank of India in its annual policy statement last month, risk aversion of banks is clearly��.
EDITORIAL SAMARTH: EDITORIAL 21.04.10
The chopping block story continues as a special report on how the move to end Modi innings gathers pace; and sure enough, the accompanying photograph is one of Modi holding a bat... HINDUSTAN TIMES. TAKING AWAY TO GIVE BACK. The choices facing the Reserve Bank of India (RBI) on monetary tightening are two. One, keep raising interest rates gradually keeping in mind the risks to a recovery posed by a sluggish world economy, rising commodity��.
Raghuram Rajans rate-cut talk cheer markets; Sensex rallies
Raghuram Rajan further added that RBI will not hold rates high longer than necessary, which has remain an overhang on markets for quite some time now. A slight cut in interest rates is important as it will help revive investment cycle and push GDP.
EDITORIAL SAMARTH: EDITORIAL 23.03.10
FUTURISTIC MandA MATH; EXIT IN CONTEXT; RBI HIKES KEY RATES, BANKS STAY CALM - SHOBHANA SUBRAMANIAN; CAN WE BUILD A MASS MARKET FOR NPS? - GAUTAM.. HINDUSTAN TIMES. EDITORIAL. MAINSTREAM WATERS. There seems to be some folks who are gobsmacked by the kind of money thats running between the wickets after the announcement of two new teams joining the Indian Premier League (IPL) menagerie. To make their��.
RBI slashes lending rate to banks, markets cheer move
The first cut in repo rate -- the rate at which it lends to commercial banks -- since March 2013 brought cheer to the market. In opening trade, the benchmark index of Bombay Stock Exchange -- Sensex -- rose 600 points to inch closer to the 28,000-mark.
EDITORIAL SAMARTH: EDITORIAL 15.10.09
This move made market analysts believe that Soros could manipulate the exchange rate single-handedly, which was exactly what the financier wanted. Being of Hungarian descent, he said he would.. HINDUSTAN TIMES. EDITORIAL. HO HUM, PAKISTAN. It seems that Congress General Secretary Rahul Gandhi and we share the same opinion on India-Pakistan: Indians are a bit too obsessed about our neighbouring country. Interacting with university students in��.
Sensex ends down, Nifty below 8300; HUL soars 5%, ITC falls
In a memo to the finance ministry dated December 22 seen by Reuters, the Reserve Bank of India (RBI) said it was inclined to accept the proposal from Tata to buy DoCoMos stake of around 26 percent in Tata Teleservices Ltd at half the price DoCoMo.
GlaxoSmithKline swaps oncology for vaccines with Novartis AG
The move is expected to give the vaccines portfolio of GlaxoSmithkline Pharma, the Indian subsidiary of the British multinational, a boost. Currently, this. It caters to a different market, not the national immunisation programmes and this segment.
Time to woo
And with Navratras and Dussehra heralding the beginning of the festivities, which would culminate around Diwali, realtors believe this is the time to woo buyers ��� they believe the right frame of mind and disposition prompts early and firm decisions.
Bharti Airtel, Sesa Sterlite, Ranbaxy Laboratories, more: 10 Indian stocks to.
Asian markets rallied on Wednesday after Turkey stunned investors with a huge hike in interest rates, stirring hopes the drastic action would short-circuit a vicious cycle of selling in emerging markets and revive risk appetite generally. * US stocks.
EDITORIAL SAMARTH: EDITORIAL 03.11.09
RBI, in its recent credit policy review, increased the risk weightage assigned to real estate lending. This may be a good short-term move to specifically curb any bubble in real estate. It is certainly better than hiking interest rates��.
EDITORIAL SAMARTH: EDITORIAL 04.05.10
HINDUSTAN TIMES. A POLICY? RUBBISH. RAVI AGARWAL. The Cobalt-60 radiation tragedy at Mayapuri in Delhi has unearthed many skeletons, which some seem to be desperate to hide. There is already a life lost, and maybe.. Shekhar Gupta: And cheerleaders can come and go?... It did not have an entrenched socialist organisational culture that had to be unlearned, unlike RBI or FMC that have struggled to catch up with the new India, a market economy.
Congress unleashes wholesale reform of fruit and veggie mandis
Given wholesale-to-retail mark-ups are two to three times, the scope for inflation control is large, which is what the move was aimed at ��� runaway inflation played a big role in the Congress partys humiliating 4:1 defeat in the recent round of.
No penalty to prepay
Those who have taken home loans with floating interest rates have something to cheer about. Not only are the interest rates expected to come down, banks will not charge any penalty for prepayment of loans linked to floating rate of interest, where.
RBI could have leveraged abating inflation to cut rates
Disappointed over RBIs decision to keep interest rates unchanged, India Inc today said the central bank could have leveraged abating inflation risks to effect a rate cut, as high cost of credit has been dissuading industry from undertaking capacity.
Indian Real Estate prices: How I made fool of myself - Trak.in
I told him ���the property market has moved too high in a short period of time... We dont think of future, the rate of interest thats going to increase due to increasing inflation (thanks to our underperforming Govt. and also human nature for having short memory for they forgot everything after Anna Hazare struggle). The 15 years tenure for home loan goes to 20 years. The property that we bought goes to a lesser value than what we paid with principle + interest to bank.
Gold hallmarking fee slashed for jewellers in small towns
The move to generate UINs comes after reports of some discrepancies even in hallmarked jewellery during a market sample testing by BIS, sources said. Besides slashing licence fee, Soni said, the procedure for granting licence has also been simplified.
No early light for fast food chains
A likely rise in urban sales by the third or fourth quarters of this financial year has brought cheer back to executives in the Rs 2.5 lakh crore fast moving consumer goods (FMCG) market. However, this does not seem the case with fast food chains or.